Title Wise
The New Jersey Real Estate News You Can Use
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Greetings!
We all have seen markets explode before our very eyes. No one expected 2021 to be the breakout year that it became. What we are seeing is continued demand, record-low inventories, and a strong economy despite the new variant of COVID. With surging home equity and the integration of the hybrid-economy, 2022 does not look like it is going to disappoint sellers.
This market is not finished.
Please feel free to email me at ralph@counsellorstitle.com if you have any questions or would like to follow up on any of this edition's articles.
Ralph Aponte
Founder & President
732.914.1400
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Home Owners Gain $9 Trillion in Equity |
Home owners in the United States gained over $9 trillion in property value over the last year as a result of the strongest housing market in history. This surge in value is fueled by the historic shortage in available homes for sale, which on many markets is under 2-month supply.
According to the published report issued last week, the average home value surged by 31.4% year-over-year, creating a total of $38.3 trillion.
The value frenzy is also being supported by the historical low mortgage rates. As noted in earlier Counsellors Title blogs, Wall Street has also entered into the real estate market in a significant way, specifically BlackRock, which has made significant investments into the Atlanta, Georgia market. November marked the 16th straight month of double-digit price gains and the parallel shortage of inventory for sale.
According to the Redfin report, St. Louis and Chicago were the two regions that saw the smallest growth in volume, with St. Louis rising 12.3% and Chicago increasing 3.5% year-over-year.
The pandemic had an atypical impact upon rural home values: rural homes rose year-over-year on average by 46.2%, bringing an increase of $4.9 trillion to those owners in November.
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Great Jersey Getaway Towns |
If there's one thing that we probably could all enjoy, it is a New Jersey getaway. Sometimes we get a little too stuck in the ruts of the COVID culture. But I have taken some time to look at some great New Jersey getaways where Victorian homes and beautiful nature views are plentiful.
1. Lambertville
Lambertville, New Jersey is a small, quaint Victorian town on the Delaware River opposite New Hope, Pennsylvania. The quiet river walks and cozy local restaurants gives visitors an ample opportunity to just take a break and enjoy the fresh air and the scenery. There are art galleries and boutiques, but most of all there is the Delaware River, which runs alongside of this quaint New Jersey town.
2. Barnegat Light Borough
This was originally a quaint fishing village located at the tip of Long Beach Island. Its famous landmark, Old Barney the lighthouse, is a red and white structure constructed in the mid-1800s. The state park provides some great walks and there are a few local restaurants that give individuals homemade cooking in the midst of a New Jersey getaway town.
3. Cape May
Nearly everyone who has been to New Jersey has made Cape May a top destination for their getaways. The magnificent Victorian inns and homes throughout make for a great relaxing feast for the eyes and for the soul. The Victorian homes, also known as Painted Ladies, attract a great deal of interest, especially during the summer when people come to visit and rent B & B's in those summer months.
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Top email productivity tips |
Cut down on notifications:
Don’t interrupt your brain with a million notifications for every single new email — spam and all — check email on a schedule, instead of acting like a chicken chasing a bug.
Respond within 24 hours, even if it’s only to check in:
Giving an update
like, “Hi, I got this email but won’t be able to get to it until later this week!”
is a great way to set expectations and avoid a second follow-up email.
Close down your email 1–2 times a day for several hours.
Unsubscribe from all distraction emails.
Most people leave it open all day and check it every 30 minutes (if not more). When you need to focus, try closing your email tab.
Don’t click on an email more than twice:
If you read an email then mark it as unread, you’ll have to read it again to remember what to do with it. Read it once to scan and tag your future action (for example, labeling it as “must respond” or “to do this week”), then once more when you answer it.
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Jersey Shore Sunrise Over the Dunes |
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A.S.A.P. Attorney Settlement Assistance Program
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Our real estate secretarial services are able to assist you in every aspect of the sale, purchase, refinance or loan closing process. We will directly communicate with all the parties involved in the transaction and coordinate and obtain all the items necessary to bring the matter to closing.
Our ASAP services can be individually customized to fit your needs. These services include:
- Documentation Preparation
- Disbursement of Funds
- Attendance at Closing
- HUD Preparation or
- Post-Closing Matters
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Our Commitment to Excellence |
Counsellors Title Agency wants to thank you for the opportunity to work with you and your clients to grow your business. Please feel free to click the link above or here to leave us a review on Google. We appreciate your business. |
Sales: Leading NJ title insurance agency seeks experienced licensed salespersons to help expand its market share throughout the entire state. Benefits include health insurance, 401k with an employer match, flexible spending account, expense account, & marketing support. Send resumes by fax: 732-914-8898 or ralph@counsellorstitle.com
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Free Online Title Insurance Calculator |
Counsellors Title Agency announced its updated Title Calculator for New Jersey home purchases & refinances at: Title Calculator
Loan officers, real estate agents and home buyers can find out how much title insurance will cost for purchases made in New Jersey.
Easy-To-Use Functionality
This online tool includes many of the endorsements involved in calculating the cost of a title policy in New Jersey. CTA's Title Calculator is a great tool for real estate salespersons, loan officers, attorneys and those who are buying or refinancing their home.
It calculates the cost of title insurance based upon the purchase price of the home, the loan amount, and the various endorsements that can accompany the loan. The calculator provides the user the scalability of selecting the various endorsements involved in the transaction.
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Handy Guide to Real Estate Sources |
Here are some of the most widely used governmental websites for the real estate industry.
I look forward to being of service to you, providing you with outstanding real-time information and some humor to make doing business a pleasure.
Sincerely,
Ralph
Ralph Aponte
Counsellors Title
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Counsellors Title Agency, Inc. specializes in providing title insurance, title search services and loan closing services serving attorneys, Realtors, banks and various mortgage companies throughout the State of New Jersey. CTA offers full search and insurance capabilities within all 21 counties of New Jersey for commercial, residential and new construction purchases in our Toms River, Freehold, Chatham, and Union locations.
CTA is equipped with the latest digital technologies to ensure a complete and timely transaction.
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Mr. Ralph Aponte
Our Office: 504 Hooper Avenue,
Toms River, NJ 08753
Phone Number: (732) 914-1400
Fax: 732-914-8898
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